Cubist Systematic Strategies LLC lowered its holdings in shares of Prologis Inc (NYSE:PLD) by 55.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,428 shares of the real estate investment trust’s stock after selling 4,212 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Prologis were worth $218,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Swiss National Bank raised its position in shares of Prologis by 1.1% during the third quarter. Swiss National Bank now owns 1,954,960 shares of the real estate investment trust’s stock worth $124,062,000 after purchasing an additional 21,900 shares during the period. Lazard Asset Management LLC raised its position in shares of Prologis by 3,877.2% during the second quarter. Lazard Asset Management LLC now owns 2,533,654 shares of the real estate investment trust’s stock worth $148,573,000 after purchasing an additional 2,469,949 shares during the period. BlackRock Inc. raised its position in shares of Prologis by 1.3% during the second quarter. BlackRock Inc. now owns 51,529,145 shares of the real estate investment trust’s stock worth $3,021,668,000 after purchasing an additional 673,429 shares during the period. Clinton Group Inc. acquired a new stake in shares of Prologis during the second quarter worth about $620,000. Finally, Prudential Financial Inc. raised its position in shares of Prologis by 2.5% during the third quarter. Prudential Financial Inc. now owns 2,412,550 shares of the real estate investment trust’s stock worth $153,100,000 after purchasing an additional 59,094 shares during the period. 95.36% of the stock is currently owned by institutional investors.

Prologis Inc (NYSE:PLD) opened at $62.65 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $33,330.00, a PE ratio of 18.81, a P/E/G ratio of 3.99 and a beta of 0.92. Prologis Inc has a fifty-two week low of $48.33 and a fifty-two week high of $67.53.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.67. The firm had revenue of $531.18 million during the quarter, compared to the consensus estimate of $573.68 million. Prologis had a return on equity of 9.93% and a net margin of 68.50%. The business’s revenue was down 5.2% compared to the same quarter last year. During the same period last year, the company earned $0.14 earnings per share. analysts anticipate that Prologis Inc will post 2.8 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 18th were paid a $0.44 dividend. The ex-dividend date was Friday, December 15th. This represents a $1.76 dividend on an annualized basis and a yield of 2.81%. Prologis’s dividend payout ratio is 52.85%.

PLD has been the topic of a number of research analyst reports. Evercore ISI raised Prologis from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. Zacks Investment Research downgraded Prologis from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Bank of America set a $72.00 price objective on Prologis and gave the stock a “buy” rating in a report on Wednesday, October 25th. Wells Fargo & Co set a $65.00 price objective on Prologis and gave the stock a “hold” rating in a report on Thursday, October 26th. Finally, SunTrust Banks reiterated a “buy” rating and set a $68.00 price objective on shares of Prologis in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Prologis currently has a consensus rating of “Buy” and an average target price of $66.57.

In other Prologis news, insider Edward S. Nekritz sold 15,752 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $64.51, for a total value of $1,016,161.52. Following the completion of the transaction, the insider now directly owns 146,414 shares in the company, valued at $9,445,167.14. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Lori A. Palazzolo sold 4,900 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $65.89, for a total value of $322,861.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 99,852 shares of company stock valued at $6,600,519. Corporate insiders own 1.31% of the company’s stock.

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Prologis Company Profile

Prologis, Inc is a real estate investment trust (REIT) company. The Company is engaged in logistics real estate business. The Company’s segments include Real Estate Operations and Strategic Capital. The Real estate operations segment consists of rental operations and development. The Company’s strategic capital segment includes asset management services, as well as services performed for unconsolidated co-investment ventures.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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